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Akhilesh waives Rs 1,650 crore farm loans on dad Mulayam's birthday

-The Times of India LUCKNOW: A cash-strapped Uttar Pradesh government wrote off loans worth Rs 1,650 crore to farmers on Samajwadi Party chief Mulayam Singh Yadav's 74th birthday on Thursday, fulfilling an election promise that is bound to further deplete the state's already dwindling coffers. Chief minister Akhilesh Yadav said 7.2 lakh farmers, who've taken loans of up to Rs 50,000 from rural cooperative banks, will benefit from the waiver. "Farmers who've...

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No more just a dire warning: Climate change-Urmi A Goswami

-The Economic Times Get ready for an era of widespread droughts, super storms, flash floods, excessive rainfall, high food prices, higher levels of migration and higher outlays to survive extreme weather. The events of the past year make it clear that this is no longer a dire warning. Climate scientists predict extreme weather will become more common in the coming years if the world doesn't act decisively to address climate change. Yet, governments...

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The right alternative -Ridhima Gupta and E Somanathan

-The Hindustan Times The smog that nearly choked Delhi in November was caused due to the burning of post-harvest rice stalks in Punjab, Haryana, and western Uttar Pradesh. Every year, rice is harvested using combine harvesters, which leaves a residue in the field. Earlier, harvesting was done by hand and the people who worked on the fields would take out the stalks and use them as food for animals. This practice is...

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The great Africa land grab-Phil Bloomer

-Farmlandgrab.org Oxfam’s Phil Bloomer reports on the shocking scandal of (mostly) secretive land-grabbing, usually from those least able to defend their rights Land grabbing has fast become a major threat to poor communities in Africa, Asia and South America. Poverty-stricken women and men are being driven from their homes and the land they rely on to grow food to eat and make a living, usually without compensation. In many cases this is...

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RBI Rules Out Introduction of Islamic Banking

-Outlook Kochi: Reserve Bank Governor D Subbarao today ruled out introduction of Islamic banking in the country but said other methods for channelising funds based on the principles of Islamic law can be looked at. "Islamic banking is not possible", he said, adding the central bank could look at other vehicles based on Islamic banking principles to channelise NRI funds. Replying to a question on the issue, Subbarao said: "There are some legal...

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